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Archive - 2018-01-28
Marriyum, Mussadiq call on Zubair
Pakistan Top News

Marriyum, Mussadiq call on Zubair

KARACHI: Minister of State for Information, Broadcasting, National History and Literary Heritage Ms Marriyum Aurangz
Published 28 Jan, 2018 07:07pm
Three citizens injured due to Indian firing
Pakistan Top News

Three citizens injured due to Indian firing

RAWALPINDI: Three citizens, including two women got injured when Indian troops resorted to unprovoked cease fire violati
Published 28 Jan, 2018 01:56pm
North Iran gets massive snow dump
Front Top News

North Iran gets massive snow dump

TEHRAN: After months of waiting for the snow to arrive, Tehranis were hit by massive snowfall overnight on Sunday that s
Published 28 Jan, 2018 12:45pm
Federer's Grand Slam titles
Sports

Federer's Grand Slam titles

MELBOURNE: Roger Federer won his 20th Grand Slam title at the Australian Open on Sunday. Here is his full list of Grand
Published 28 Jan, 2018 12:42pm
Australian Open men's champions
Sports

Australian Open men's champions

MELBOURNE: This century's men's singles champions at the Australian Open, after the 2018 final on Sunday: 2018 - Roge
Published 28 Jan, 2018 12:33pm
Farmers Insurance Open scores
Sports

Farmers Insurance Open scores

LA JOLLA: Leading third-round scores on Saturday in the US PGA Tour Farmers Insurance Open on the North and South course
Published 28 Jan, 2018 11:46am
Nearly 100 killed in ambulance blast in Kabul

Nearly 100 killed in ambulance blast in Kabul

A bomb hidden in an ambulance killed at least 95 people and wounded about 158 in the Afghan capital, Kabul, on Saturday when it blew up at a police checkpoint. It came just days after a deadly attack on one of the most prominent hotels in the city. The Ta
Published 28 Jan, 2018 12:00am
Nearly 100 killed in ambulance blast in Kabul

Nearly 100 killed in ambulance blast in Kabul

A bomb hidden in an ambulance killed at least 95 people and wounded about 158 in the Afghan capital, Kabul, on Saturday when it blew up at a police checkpoint. It came just days after a deadly attack on one of the most prominent hotels in the city. The Ta
Published 28 Jan, 2018 12:00am
Pakistan doesn't consider Trump's tweets official US policy: PM

Pakistan doesn't consider Trump's tweets official US policy: PM

Prime Minister Shahid Khaqan Abbasi said US President Donald Trump's tweet rebuking Pakistan over alleged terror safe havens constitute the official policy of the United States. In an interview with the Washington Post, Abbasi said, "We provided our own r
Published 28 Jan, 2018 12:00am
Pakistan doesn't consider Trump's tweets official US policy: PM

Pakistan doesn't consider Trump's tweets official US policy: PM

Prime Minister Shahid Khaqan Abbasi said US President Donald Trump's tweet rebuking Pakistan over alleged terror safe havens constitute the official policy of the United States. In an interview with the Washington Post, Abbasi said, "We provided our own r
Published 28 Jan, 2018 12:00am
Pakistan cannot afford direct conflict with US: Qayyum

Pakistan cannot afford direct conflict with US: Qayyum

The Trump administration has increased drone strikes after Pakistan stopped sharing key intelligence defense sources revealed. Pakistan was no longer handing over information collected on the ground in the border region with Afghanistan after reacting ang
Published 28 Jan, 2018 12:00am
Pakistan cannot afford direct conflict with US: Qayyum

Pakistan cannot afford direct conflict with US: Qayyum

The Trump administration has increased drone strikes after Pakistan stopped sharing key intelligence defense sources revealed. Pakistan was no longer handing over information collected on the ground in the border region with Afghanistan after reacting ang
Published 28 Jan, 2018 12:00am
World Bank delegation briefed about reform agenda

World Bank delegation briefed about reform agenda

A delegation of World Bank headed by Regional Vice President Annette Dixon met Prime Minister Shahid Khaqan Abbasi on Saturday here at the Prime Minister's House Islamabad. Annette Dixon was accompanied by Patchamuthu Illangovan, Country Director World Ba
Published 28 Jan, 2018 12:00am
World Bank delegation briefed about reform agenda

World Bank delegation briefed about reform agenda

A delegation of World Bank headed by Regional Vice President Annette Dixon met Prime Minister Shahid Khaqan Abbasi on Saturday here at the Prime Minister's House Islamabad. Annette Dixon was accompanied by Patchamuthu Illangovan, Country Director World Ba
Published 28 Jan, 2018 12:00am
World Bank delegation briefed about reform agenda

World Bank delegation briefed about reform agenda

A delegation of World Bank headed by Regional Vice President Annette Dixon met Prime Minister Shahid Khaqan Abbasi on Saturday here at the Prime Minister''s House Islamabad. Annette Dixon was accompanied by Patchamuthu Illangovan, Country Director World B
Published 28 Jan, 2018 12:00am
Pakistan, China to ink accords on Gwadar Port

Pakistan, China to ink accords on Gwadar Port

Pakistan and China are set to sign some important agreements on Tuesday to provide strategic support to Gwadar seaport that is emerging as strong economic hub in the country and the region. The agreements will be reached among the Chinese and Pakistani p
Published 28 Jan, 2018 12:00am
Pakistan, China to ink accords on Gwadar Port

Pakistan, China to ink accords on Gwadar Port

Pakistan and China are set to sign some important agreements on Tuesday to provide strategic support to Gwadar seaport that is emerging as strong economic hub in the country and the region. The agreements will be reached among the Chinese and Pakistani p
Published 28 Jan, 2018 12:00am
Pakistan, China to ink accords on Gwadar Port

Pakistan, China to ink accords on Gwadar Port

Pakistan and China are set to sign some important agreements on Tuesday to provide strategic support to Gwadar seaport that is emerging as strong economic hub in the country and the region. The agreements will be reached among the Chinese and Pakistani p
Published 28 Jan, 2018 12:00am
Nawaz warns against his removal from party presidentship

Nawaz warns against his removal from party presidentship

Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif warned on Saturday that masses would take notice if he is removed from the party's presidency. "There is another petition in the court to get me removed from the PML-N presidentship, but will you
Published 28 Jan, 2018 12:00am
Nawaz warns against his removal from party presidentship

Nawaz warns against his removal from party presidentship

Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif warned on Saturday that masses would take notice if he is removed from the party's presidency. "There is another petition in the court to get me removed from the PML-N presidentship, but will you
Published 28 Jan, 2018 12:00am
Rs 344.35 billion released under PSDP

Rs 344.35 billion released under PSDP

The government has released Rs 344.35 billion (34.4 percent), including Rs 67.6 billion foreign aid, for different development projects under Public Sector Development Program (PSDP) 2017-18 against total budgeted allocation of Rs 1001 billion.
Published 28 Jan, 2018 12:00am
Rs 344.35 billion released under PSDP

Rs 344.35 billion released under PSDP

The government has released Rs 344.35 billion (34.4 percent), including Rs 67.6 billion foreign aid, for different development projects under Public Sector Development Program (PSDP) 2017-18 against total budgeted allocation of Rs 1001 billion.
Published 28 Jan, 2018 12:00am
Rs 344.35 billion released under PSDP

Rs 344.35 billion released under PSDP

The government has released Rs 344.35 billion (34.4 percent), including Rs 67.6 billion foreign aid, for different development projects under Public Sector Development Program (PSDP) 2017-18 against total budgeted allocation of Rs 1001 billion.
Published 28 Jan, 2018 12:00am
SC bans four companies for selling substandard milk

SC bans four companies for selling substandard milk

The Supreme Court on Saturday halted operations of four companies for selling substandard packaged milk. Hearing a suo motu case pertaining to sale of substandard packed milk at the Karachi Registry, the apex court banned the four companies from selling a
Published 28 Jan, 2018 12:00am
Thousands seek Albania government resignation

Thousands seek Albania government resignation

Thousands of opposition supporters protested Saturday in Albania's capital against Prime Minister Edi Rama's socialist government, accusing it of links to organised crime in the impoverished Balkan nation. More than 10,000 protestors, according to journal
Published 28 Jan, 2018 12:00am
Lyari Expressway to be inaugurated today

Lyari Expressway to be inaugurated today

Prime Minister Shahid Khaqan Abbasi will today (Sunday) inaugurate the much-awaited northbound carriageway of Lyari Expressway project in Karachi. The Expressway will become operational immediately after its formal inauguration, said the spokesperson for
Published 28 Jan, 2018 12:00am
Lyari Expressway to be inaugurated today

Lyari Expressway to be inaugurated today

Prime Minister Shahid Khaqan Abbasi will today (Sunday) inaugurate the much-awaited northbound carriageway of Lyari Expressway project in Karachi. The Expressway will become operational immediately after its formal inauguration, said the spokesperson for
Published 28 Jan, 2018 12:00am
Lyari Expressway to be inaugurated today

Lyari Expressway to be inaugurated today

Prime Minister Shahid Khaqan Abbasi will today (Sunday) inaugurate the much-awaited northbound carriageway of Lyari Expressway project in Karachi. The Expressway will become operational immediately after its formal inauguration, said the spokesperson for
Published 28 Jan, 2018 12:00am
Search underway for climbers

Search underway for climbers

Pakistan launched a search Saturday for two alpinists who went missing while attempting to climb the country's second-highest peak Nanga Parbat, nicknamed "killer mountain" for its treacherous terrain. It comes a day after Elisabeth Revol, from France, an
Published 28 Jan, 2018 12:00am
Search underway for climbers

Search underway for climbers

Pakistan launched a search Saturday for two alpinists who went missing while attempting to climb the country's second-highest peak Nanga Parbat, nicknamed "killer mountain" for its treacherous terrain. It comes a day after Elisabeth Revol, from France, an
Published 28 Jan, 2018 12:00am
Zainab's case: media persons asked to appear before SC

Zainab's case: media persons asked to appear before SC

Supreme Court Saturday asked a number of media persons to appear before a three-member bench of Chief Justice Mian Saqib Nisar in the Zainab murder case which is fixed for hearing today (Sunday) at Lahore Registry. The bench will resume hearing of a suo m
Published 28 Jan, 2018 12:00am
Zainab's case: media persons asked to appear before SC

Zainab's case: media persons asked to appear before SC

Supreme Court Saturday asked a number of media persons to appear before a three-member bench of Chief Justice Mian Saqib Nisar in the Zainab murder case which is fixed for hearing today (Sunday) at Lahore Registry. The bench will resume hearing of a suo m
Published 28 Jan, 2018 12:00am
Anchorperson avoids appearing before JIT again
Currency

Anchorperson avoids appearing before JIT again

Television anchorperson Dr Shahid Masood did not appear on Saturday before the Joint Investigation Team (JIT) constituted to investigate the rape-cum-murder of Zainab Amin and other minor girls of Kasur despite repeated summons sent to him by the JIT conv
Published 28 Jan, 2018 12:00am
Anchorperson avoids appearing before JIT again
Currency

Anchorperson avoids appearing before JIT again

Television anchorperson Dr Shahid Masood did not appear on Saturday before the Joint Investigation Team (JIT) constituted to investigate the rape-cum-murder of Zainab Amin and other minor girls of Kasur despite repeated summons sent to him by the JIT conv
Published 28 Jan, 2018 12:00am
Prince Al-Waleed freed after 'settlement'
Exchange

Prince Al-Waleed freed after 'settlement'

Saudi billionaire Prince Al-Waleed bin Talal was released on Saturday after nearly three months in detention following a "settlement" with authorities, as a sweeping anti-corruption campaign targeting the kingdom's elite winds down. Prince Al-Waleed, dubb
Published 28 Jan, 2018 12:00am
Prince Al-Waleed freed after 'settlement'
Exchange

Prince Al-Waleed freed after 'settlement'

Saudi billionaire Prince Al-Waleed bin Talal was released on Saturday after nearly three months in detention following a "settlement" with authorities, as a sweeping anti-corruption campaign targeting the kingdom's elite winds down. Prince Al-Waleed, dubb
Published 28 Jan, 2018 12:00am
SC is appropriate forum to decide about Senate elections: experts

SC is appropriate forum to decide about Senate elections: experts

Supreme Court is the appropriate forum to decide about Senate elections due in March this year in case of dissolution of a provincial assembly or en bloc resignations from any provincial or National Assembly as the constitution does not allow by-elections
Published 28 Jan, 2018 12:00am
SC is appropriate forum to decide about Senate elections: experts

SC is appropriate forum to decide about Senate elections: experts

Supreme Court is the appropriate forum to decide about Senate elections due in March this year in case of dissolution of a provincial assembly or en bloc resignations from any provincial or National Assembly as the constitution does not allow by-elections
Published 28 Jan, 2018 12:00am
A new Pak-US spat

A new Pak-US spat

Just as strained Pak-US relations were said to be improving, the two countries have gotten embroiled in a public spat over Wednesday's drone strike that, according to American officials, targeted Haqqani network militants thereby seeking to lend credence
Published 28 Jan, 2018 12:00am
Indonesian President's address

Indonesian President's address

Given the historic relationship between Pakistan and Indonesia, it was only appropriate that the visiting Indonesian President Joko Widodo's itinerary include his address to a joint sitting of Parliament. Both countries having experienced long periods of
Published 28 Jan, 2018 12:00am
'Someone other than me' syndrome: Sales tax

'Someone other than me' syndrome: Sales tax

The essential hallmark of any tax is its compulsory exaction from any taxpayer. However, it is perennial desire of almost every taxpayer to avoid the burden of tax under any pretext, including any concession, exemption or exclusion, which is contrived und
Published 28 Jan, 2018 12:00am
'Deportados Brand': Mexicans stand up to Trump with T-shirts

'Deportados Brand': Mexicans stand up to Trump with T-shirts

Few people know gate "N" at Mexico City's airport but three times a week it is the arrival point for the latest group of Mexican immigrants deported by the United States. Waiting to meet them is Adan Jacome. Jacome, 45, goes to the terminal to offer the s
Published 28 Jan, 2018 12:00am
Five key themes of a week in Davos

Five key themes of a week in Davos

It began with blinding snowfall, warmed up as France's president auditioned for "leader of the free world", and ended in another chill with US President Donald Trump drawing boos and hisses. Here AFP recaps five key themes that emerged over a week of meet
Published 28 Jan, 2018 12:00am
Public hanging is the answer?

Public hanging is the answer?

True, public hanging is not the answer. But the question is how to deal with predators among us. The newspaper in its one of the editorials had raised a point that "public hanging of a child molester and murderer will serve no useful purpose. The answer l
Published 28 Jan, 2018 12:00am
Street crimes on the rise in Islamabad

Street crimes on the rise in Islamabad

The incidents of snatching at gunpoint, robberies/burglaries, theft of cars and motorcycles, murder and kidnapping of women registered a rise in the federal capital during the last week. According to data gathered by Business Recorder here on Satur
Published 28 Jan, 2018 12:00am
BISP launches child protection campaign in KP

BISP launches child protection campaign in KP

Benazir Income Support Programme (BISP) on Saturday launched child protection campaign in Peshawar, Mardan, Swabi, Bannu, Haripur and other districts. The initiative is part of the countrywide campaign to raise awareness about various aspects of child abu
Published 28 Jan, 2018 12:00am
Forceful repatriation of Afghan refugees criticized

Forceful repatriation of Afghan refugees criticized

Majority of policy analysts at a roundtable held at Institute of Policy Studies (IPS) rejected the idea of forceful repatriation of millions of Afghan refugees from Pakistan calling it unwise and harmful for the national interest. It may be mentioned that
Published 28 Jan, 2018 12:00am
Bacha Khan's death anniversary: public meeting planned

Bacha Khan's death anniversary: public meeting planned

General Secretary ANP of Mian Iftikhar Hussain said on Saturday that the followers of Bacha Khan and Abdul Wali Khan had fought the battle of the supremacy of democracy in every era of the history, adding that the holding of public meeting on the death an
Published 28 Jan, 2018 12:00am
Sherpao accuses government of delaying KP-Fata merger

Sherpao accuses government of delaying KP-Fata merger

Provincial Chairman Qaumi Watan Party (QWP) Sikandar Hayat Khan Sherpao has said that the federal government using delaying tactics in the merger process and playing with sentiments of the people of Fata by hindering the mainstreaming process and asked th
Published 28 Jan, 2018 12:00am
Land owners protest against imposition of mine tax in Chitral

Land owners protest against imposition of mine tax in Chitral

The disgruntled land owners held a protest demonstration outside the Deputy Commissioner (DC) office here on Saturday against imposition of mine tax on minerals. A large number of people attended the protest held against the district administration and Mi
Published 28 Jan, 2018 12:00am
APC urges KP government to arrest killers of Asma

APC urges KP government to arrest killers of Asma

The leaders belonging to different political parties on Saturday asked the Khyber Pakhtunkhwa government to arrest forthwith the killers of 4-year-old Asma, include the sexual violence and terrorism acts in the first information report (FIR) and also incl
Published 28 Jan, 2018 12:00am
Punishment for crime: legislation sole prerogative of Parliament: Qayyum

Punishment for crime: legislation sole prerogative of Parliament: Qayyum

Senator belonging to the ruling party, Lieutenant General Abdul Qayyum (Retd), Saturday said it is always the prerogative of the Parliament to legislate on any issue or amend an existing law to increase or decrease the punishment for any crime. Talking to
Published 28 Jan, 2018 12:00am
Federal government initiates public welfare projects in KP: Amir Muqam

Federal government initiates public welfare projects in KP: Amir Muqam

Advisor to Prime Minister, Engr Amir Muqam said that the incumbent federal government has initiated billions of rupees public welfare development projects in Khyber Pakhtunkhwa but PTI-led government had miserably failed to deliver the masses in the provi
Published 28 Jan, 2018 12:00am
'Patients' care must be priority of health professionals'

'Patients' care must be priority of health professionals'

Secretary Specialized Healthcare and Medical Education Punjab Najam Ahmed Shah has directed heads of all the teaching hospitals and specialized healthcare institutions to prepare monthly duty rooster of all the professors and the consultants for OPD and t
Published 28 Jan, 2018 12:00am
Zainab murder case: no one would be allowed to distort facts: Shahbaz

Zainab murder case: no one would be allowed to distort facts: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif Saturday said the murder case of innocent girl (Zainab) is a test case for the government and all requirements of justice will be fulfilled during its investigation. "No one would be allowed to influence the t
Published 28 Jan, 2018 12:00am
PFA bans sale of betel nuts

PFA bans sale of betel nuts

The Punjab Food Authority (PFA) on Saturday banned the sale of betel nuts (supari/chaliya) in Punjab by giving 90 days deadline to wrap up the business. This decision was taken in a Scientific Panel meeting of the PFA which was presided over by PFA Direct
Published 28 Jan, 2018 12:00am
Customs urged to curb smuggling effectively

Customs urged to curb smuggling effectively

Pakistan FMCG Importers Association (PFIA) felicitating the Customs Department on the occasion of International Customs Day has urged for making the role of the department more effective to curb smuggling especially the packaged food items.
Published 28 Jan, 2018 12:00am
LDA City NAB to reopen corruption case

LDA City NAB to reopen corruption case

Director General National Accountability Bureau (NAB) Shahzad Saleem has approved reopening of the LDA City corruption case. The NAB has required details of the expenditures and developers of the scheme. Also, details of payments against land acquisition
Published 28 Jan, 2018 12:00am
'Career Fair' held at LUMS

'Career Fair' held at LUMS

The Lahore University of Management Sciences (LUMS) hosted its Annual Career Fair on Saturday with a purpose to connect its students with prospective employers and introduce them to a myriad of job and internship opportunities offered by various public an
Published 28 Jan, 2018 12:00am
Ahsan inaugurates Nadra facilitation desk at LCCI

Ahsan inaugurates Nadra facilitation desk at LCCI

Federal Minister for Interior, Planning, Development & Reforms Ahsan Iqbal on Saturday inaugurated first-ever NADRA Facilitation Desk for business community at the Lahore Chamber of Commerce and Industry.
Published 28 Jan, 2018 12:00am
Science festival for children begins

Science festival for children begins

Lahore's largest two-day science festival for children kicked off on Saturday at Ali Institute of Education, to encourage children and adults alike to explore and celebrate scientific discoveries and milestones in Pakistan. The festival was organized by K
Published 28 Jan, 2018 12:00am
Imran accuses Nawaz of derailing system

Imran accuses Nawaz of derailing system

Imran Khan predicted on Saturday that the harsh sentencing for money laundering will be given to Nawaz Sharif next month, reinforcing that the ex-PM was involved head to toe in corrupt practices through his offshore accounts. Talking to media persons in K
Published 28 Jan, 2018 12:00am
Over 190 awarded degrees at PU convocation

Over 190 awarded degrees at PU convocation

Around 193 degrees were conferred during first-ever Bachelor Studies (BS) programme convocation, held at University of Peshawar on Saturday. According to the details, the much awaited Bachelor Studies convocation of 2009-13 and 2010-14 batches, University
Published 28 Jan, 2018 12:00am
NAB chief seeks report on NTS

NAB chief seeks report on NTS

Chairman NAB, Justice Javed Iqbal sought preliminary report of NTS from NAB Rawalpindi Regional Bureau against alleged corruption, leakage of different question papers and other irregularities in National Testing Service as per the complaints received to
Published 28 Jan, 2018 12:00am
PIPFA kicks off process to obtain full membership of IFAC

PIPFA kicks off process to obtain full membership of IFAC

Pakistan Institute of Public Finance Accountants (PIPFA), a sponsored body of Auditor General of Pakistan, is imparting quality education for the last 24 years which is itself an emblem of success. PIPFA is the only professional accounting organization of
Published 28 Jan, 2018 12:00am
SU holds pre-entry test

SU holds pre-entry test

The pre-entry test for admission to the MS/ M Phil Degree Programmes in various departments / institutes for the academic year 2018 was held in a smooth, successful and transparent manner at Arts Faculty Building of the university's main campus at Jamshor
Published 28 Jan, 2018 12:00am
Protesters demand: Punjab University students' release

Protesters demand: Punjab University students' release

Dozens of protestors on Saturday called on the federal government to secure the immediate release of the students of Punjab University now in police custody in Lahore since Tuesday. Holding banners and placards and chanting slogans against the police and
Published 28 Jan, 2018 12:00am
82 Hindu couples' mass wedding today

82 Hindu couples' mass wedding today

The Pakistan Hindu Council is holding its 10th annual combined marriages programme on Sunday evening, its patron-in-chief, Ramesh Kumar Vankwani, said on Saturday. Dr Vankwani, who is also chairman of the National Assembly's Standing Committee on Statisti
Published 28 Jan, 2018 12:00am
Six-day-old baby kidnapped

Six-day-old baby kidnapped

A six-day-old baby girl has been kidnapped from Faisalabad's Allied Hospital, police said on Saturday. The police have started the investigation into the matter with the help of closed-circuit television footage, which shows an unknown woman carrying the
Published 28 Jan, 2018 12:00am
PHC's jurisdiction to Fata: Zardari for early completion of process

PHC's jurisdiction to Fata: Zardari for early completion of process

Co-Chairman Pakistan Peoples Party (PPP), Asif Ali Zardari, has said that process of bringing the FATA in the jurisdiction of Peshawar High Court should be completed as soon as possible. He expressed these views while chairing a meeting held to discuss th
Published 28 Jan, 2018 12:00am
World's top firms to be hired for PKLI's audit: Shahbaz

World's top firms to be hired for PKLI's audit: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that services of top companies of the world will be hired for the auditing of the Pakistan Kidney and Liver Transplant Institute (PKLI). He expressed these view while addressing a meeting which was held on Sat
Published 28 Jan, 2018 12:00am
Naqeeb case: six cops granted five-day physical remand

Naqeeb case: six cops granted five-day physical remand

A court on Saturday granted five-day physical remand of six cops for questioning in a case pertaining to the alleged extrajudicial killing of 27-year-old Naqeebullah Mehsud. SP Investigation Abid Qaimkhani produced sub-inspector Muhammad Yaseen, ASI Allah
Published 28 Jan, 2018 12:00am
2.5 million sticks of illicit cigarettes seized

2.5 million sticks of illicit cigarettes seized

The Tobacco Squad of Regional Tax Office-II, Lahore, has conducted two successful raids and seized 2.5 million sticks of illicit cigarettes from district Sheikhupura. Sources said the Tobacco Squad, RTO-II, Lahore, had gathered information about storage o
Published 28 Jan, 2018 12:00am
Malik Saad's death anniversary observed

Malik Saad's death anniversary observed

The eleventh death anniversary of D.I.G Malik Mohammad Saad Shaheed was observed with respect and solemnity in Kohat on Saturday. On this occasion, Besides, Regional Police Officer (RPO), Kohat Awal Khan, SP Operations Jameel Akhtar and other police offic
Published 28 Jan, 2018 12:00am
453 students get degrees at Isra University convocation

453 students get degrees at Isra University convocation

Isra University celebrates the graduation of 453 students at its 15th Convocation, 2018 on Saturday. The University conferred degrees to around 453 students belonging to Medical Sciences, Dentistry, Nursing, Vision Sciences, Physical Therapy, Management S
Published 28 Jan, 2018 12:00am
CJP gives three-day deadline for Rao Anwar's arrest

CJP gives three-day deadline for Rao Anwar's arrest

Chief Justice of Pakistan (CJP) Mian Saqib Nisar on Saturday gave a three-day deadline to IG Sindh to arrest former Malir senior superintendent of police (SSP) Rao Anwar. The deadline was offered during a hearing of a suo motu case regarding the extra-jud
Published 28 Jan, 2018 12:00am
Indonesian president's visit concludes

Indonesian president's visit concludes

President of Indonesia Joko Widodo departed Saturday on completion of his two-day state visit. President Mamnoon Hussain saw off his Indonesian counterpart and First Lady Madam Iriana Widodo who arrived Friday along with a delegation, comprising ministers
Published 28 Jan, 2018 12:00am
Indonesian President evinces keen interest in JF-17 jet

Indonesian President evinces keen interest in JF-17 jet

Indonesian President Joko Widodo inspected JF-17 fighter jet at Nur Khan Airbase in Islamabad Saturday. He evinced keen interest in the fighter jet. On the occasion, the visiting dignitary was briefed about the operational capabilities of JF-17. Later, Pr
Published 28 Jan, 2018 12:00am
CTD declares Naqeeb's killing a 'fake encounter'

CTD declares Naqeeb's killing a 'fake encounter'

Counter-Terrorism Department (CTD) Additional Inspector General (IG) Sanaullah Abbasi submitted on Saturday an inquiry report of Naqeebullah Mehsud case to the Supreme Court Karachi Registry and declared the killing a 'fake encounter'.
Published 28 Jan, 2018 12:00am
Intizar murder case: ACLC officials sent to prison on judicial remand

Intizar murder case: ACLC officials sent to prison on judicial remand

A local court on Saturday sent eight Anti-Car Lifting Cell (ACLC) officials to jail on judicial remand in a case pertaining to the murder of 19-year-old Intizar Ahmed in the city's DHA area. The investigating officer of the case produced the suspects befo
Published 28 Jan, 2018 12:00am
GDP growth likely to hit 10-year high: Miftah
Exchange

GDP growth likely to hit 10-year high: Miftah

Dr Miftah Ismail, Adviser to Prime Minister on Revenue, Finance and Economic Affairs said on Saturday that Pakistan's economic fundamentals are very strong and the GDP growth likely to hit 10-year high at 6 percent this year.
Published 28 Jan, 2018 12:00am
Government urged to protect G-B's natural scenic beauty

Government urged to protect G-B's natural scenic beauty

The president of the Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has demanded that government take immediate and concrete measures to safeguard the natural beauty of the Gilgit Baltistan region.
Published 28 Jan, 2018 12:00am
Over 1,900 conferred degrees at KU convocation

Over 1,900 conferred degrees at KU convocation

As many as 1,962 students were awarded with degrees during 28th Convocation of the University of Karachi held at varsity's campus here on Saturday. Meanwhile, 187 gold medals were also awarded to the students who secured first positions in their respectiv
Published 28 Jan, 2018 12:00am
Copper, aluminium prices to drift despite shortages
Exchange

Copper, aluminium prices to drift despite shortages

Supply problems including strikes at copper mines and pollution shutdowns at aluminium smelters will spur deeper shortages of the metals this year, but weaker Chinese demand may weigh on overcooked prices, a Reuters poll showed. Copper and five other indu
Published 28 Jan, 2018 12:00am
India's Maharashtra state cuts cotton forecast
Cotton

India's Maharashtra state cuts cotton forecast

India's state of Maharashtra, the country's second-biggest cotton producing state, has cut its forecast for output of the fibre by 37 percent from its September outlook as a pest infestation has reduced yields, a senior government official told Reuters. M
Published 28 Jan, 2018 12:00am
Oil at $70 is no quick fix for Gulf economies

Oil at $70 is no quick fix for Gulf economies

Rising oil prices are easing fears of a financial crisis in the Gulf, but they look unlikely to trigger another economic boom in the region, a quarterly Reuters poll of private economists shows. The Brent oil price has surged to three-year highs around $7
Published 28 Jan, 2018 12:00am
French wheat growers must slash costs to be competitive

French wheat growers must slash costs to be competitive

French wheat growers need to slash costs, notably in transport, if they want to stop selling at a loss and regain international market share lost to Black Sea producers and others, their industry association said on Tuesday. The European Union's biggest w
Published 28 Jan, 2018 12:00am
Ukraine sugar export falls 50 percent so far

Ukraine sugar export falls 50 percent so far

Ukraine's exports of white beet sugar fell about 50 percent to 174,000 tonnes from September to December compared to the same period a year earlier due to unfavourable market conditions, Ukrainian sugar producers' union Ukrtsukor said on Wednesday. Ukrain
Published 28 Jan, 2018 12:00am
Gold bulls' patience to pay off in 2018
Currency

Gold bulls' patience to pay off in 2018

Gold bulls are likely to have their patience rewarded in what is tipped to be the strongest year since 2013 as real interest rates remain depressed and the US dollar stays under pressure. A Reuters poll of 35 analysts and traders returned forecasts averag
Published 28 Jan, 2018 12:00am
EU poised for sugar surge as yields, plantings offset wet weather

EU poised for sugar surge as yields, plantings offset wet weather

The European Union is nearing the end of an extended sugar beet campaign that should bring sharply higher output in the first season since quotas were scrapped, even as wet weather posed challenges to harvesting in parts of the bloc. The EU liberalised it
Published 28 Jan, 2018 12:00am
South African maize planting area seen down 18 percent

South African maize planting area seen down 18 percent

South African maize farmers are expected to plant 18 percent less of the staple crop this season due to dry and hot weather along the western part of the maize belt, a Reuters poll showed on Friday. South Africa's Crop Estimates Committee (CEC) is expecte
Published 28 Jan, 2018 12:00am
Battle of the beans: Monsanto faces a fight for soya market
Exchange

Battle of the beans: Monsanto faces a fight for soya market

Monsanto Co is facing major threats to its historic dominance of seed and herbicide technology for the $40 billion US soyabean market. Rivals BASF SE and DowDuPont are preparing to push their own varieties of genetically modified soyabeans. At stake is co
Published 28 Jan, 2018 12:00am
Pressing Syria offensive, Turkey urges US pullback

Pressing Syria offensive, Turkey urges US pullback

Turkey on Saturday urged the United States to withdraw personnel from a Kurdish-held town in northern Syria after Washington told Ankara it would stop arming a Syrian Kurdish militia that Turkey is fighting. As Turkey's offensive in Syria entered its seco
Published 28 Jan, 2018 12:00am
One dead, two wounded in Amsterdam shooting

One dead, two wounded in Amsterdam shooting

A shooting in downtown Amsterdam on Friday night left one person dead and two injured, Dutch police said. "One person has died and two wounded, a man and a young woman, were taken to hospital after a shooting on Grote Wittenburgerstraat, in the city centr
Published 28 Jan, 2018 12:00am
Myanmar university students expelled after education protest

Myanmar university students expelled after education protest

Fourteen students have been expelled from a Myanmar university after staging a campus protest calling for more education funding, an activist said Sunday, sparking concern over eroding freedoms in the fledgling democracy. The four-day rally at Yadanabon U
Published 28 Jan, 2018 12:00am
Leading Hong Kong democracy activist banned from vote

Leading Hong Kong democracy activist banned from vote

One of Hong Kong's best-known democracy activists was banned Saturday from standing as lawmaker in upcoming elections, the latest blow to freedoms in the city as Beijing tightens its grip. Agnes Chow, 21, a former leader of the mass Umbrella Movement prot
Published 28 Jan, 2018 12:00am
Do not 'squander' South Sudan peace push, mediators told

Do not 'squander' South Sudan peace push, mediators told

African nations mediating South Sudan's peace efforts must not "squander" the opportunity of a renewed push to end the country's war, the head of an international ceasefire monitoring team said Saturday. Festus Mogae, a former president of Botswana who le
Published 28 Jan, 2018 12:00am
Syria opposition to boycott Russian peace talks

Syria opposition to boycott Russian peace talks

Syria's main opposition group on Saturday said it would boycott Russian peace talks next week in a major blow to Moscow's diplomatic efforts towards resolving the brutal conflict. The Syrian Negotiation Commission (SNC) accused President Bashar al-Assad's
Published 28 Jan, 2018 12:00am
Mattis wants to keep pressure on North Korea

Mattis wants to keep pressure on North Korea

The United States and South Korea are going to keep tightening the screws on Pyongyang so that the hermit state gives up its nuclear program, Pentagon chief Jim Mattis said Friday. "As two peace-loving nations, the Republic of Korea and America welcome th
Published 28 Jan, 2018 12:00am
Heavy snow in central, southern China wreaks havoc on travel

Heavy snow in central, southern China wreaks havoc on travel

Heavy snow continued to affect parts of China on Saturday, closing highways, causing train and flight cancellations, and even interrupting the final of a soccer match between Vietnam and Uzbekistan in a southern Chinese province. In central Hubei province
Published 28 Jan, 2018 12:00am
Three killed in bomb attack on Colombia police station

Three killed in bomb attack on Colombia police station

At least three police officers were killed Saturday when alleged drug traffickers detonated a remote controlled bomb at a station in the northern city of Barranquilla, officials said. Fourteen other officers were wounded in the attack, police General Mari
Published 28 Jan, 2018 12:00am
Ex-Guatemala Supreme Court president shot dead

Ex-Guatemala Supreme Court president shot dead

The ex-president of the Guatemalan Supreme Court was shot dead Friday during an incident on the outskirts of the capital Guatemala City, according to emergency personnel. Jose Arturo Sierra, who presided over the high court between 2013 and 2014, was atta
Published 28 Jan, 2018 12:00am
Paris braces for floods as swollen Seine inches higher

Paris braces for floods as swollen Seine inches higher

Paris was on alert Saturday as the swollen Seine crept higher, with forecasters expecting the flooding to peak before the weekend is out. The river reached 5.7 metres (19 feet) at 9:00 am (0800 GMT) on Saturday, more than four metres above its normal heig
Published 28 Jan, 2018 12:00am
Pro-Russian Zeman scores second term as Czech president

Pro-Russian Zeman scores second term as Czech president

Pro-Russian incumbent Milos Zeman was re-elected Czech president on Saturday, narrowly outpacing his pro-European liberal rival Jiri Drahos in a tight run-off that underscored deep divisions in the EU and Nato state.
Published 28 Jan, 2018 12:00am
Beirut protest after spate of violent deaths of women

Beirut protest after spate of violent deaths of women

Dozens of people protested on Saturday outside the Lebanese parliament against violence against women, denouncing inaction by the authorities after eight women have been killed since early December. The demonstration was organised by civil society groups
Published 28 Jan, 2018 12:00am
Gazan unearths ancient graves in vegetable patch

Gazan unearths ancient graves in vegetable patch

When Abdul Karim al-Kafarnah went to check the rainwater gushing down a hole in his garden he was in for quite a shock - hidden steps led him down to an ancient grave complex. The 24-year-old lives in the Beit Hanoun district of the Gaza Strip by the Isra
Published 28 Jan, 2018 12:00am
Honduran president begins second term amid angry protests

Honduran president begins second term amid angry protests

Juan Orlando Hernandez was sworn in as president of Honduras for a second term Saturday amid protests that he fraudulently won the November election. Hernandez took the oath at a special session of Congress at the National Stadium, with the bleachers pack
Published 28 Jan, 2018 12:00am
Ferry with 50 on board missing in central Pacific

Ferry with 50 on board missing in central Pacific

A search was under way Saturday for a ferry with 50 people on board that has not been seen for more than a week in the tiny island nation of Kiribati in the central Pacific. New Zealand search officials, who have been called in to assist Fijian authoritie
Published 28 Jan, 2018 12:00am
Fourteen killed in Brazil nightclub shootout

Fourteen killed in Brazil nightclub shootout

At least 14 people were killed in an early Saturday shootout at a nightclub in Fortaleza, in northeastern Brazil, officials said. "We can confirm 14 deaths," Andre Costa, security secretary for the state of Ceara - of which Fortaleza is the capital - told
Published 28 Jan, 2018 12:00am
Uber driver shot dead in Mexican border city

Uber driver shot dead in Mexican border city

A young woman who drove for US ride-hailing application Uber Technologies Inc was shot dead in the northern Mexican border city of Tijuana following a dispute with another motorist, prosecutors said on Friday. According to witness reports, Karla Garrufe,
Published 28 Jan, 2018 12:00am
Venezuela rejects 'unacceptable' Macron sanctions comments

Venezuela rejects 'unacceptable' Macron sanctions comments

The Venezuelan government Saturday rejected what it considered "unacceptable statements" by French President Emmanuel Macron indicating support for increased European Union sanctions against Venezuela. Macron's comments were "a hostile and unfriendly act
Published 28 Jan, 2018 12:00am
Eight dead as US-led strike hits Iraq forces

Eight dead as US-led strike hits Iraq forces

An air strike by the US-led coalition battling the Islamic State group hit Iraqi security personnel on Saturday, officials said, in an apparent mistake that killed eight people. The friendly fire incident drew swift criticism of the US military presence i
Published 28 Jan, 2018 12:00am
White House counsel was 'fed up' with Trump

White House counsel was 'fed up' with Trump

White House Counsel Donald McGahn threatened to quit last June because he was "fed up" after President Donald Trump insisted he take steps to remove the special counsel investigating Russian interference in the 2016 US election, a person familiar with the
Published 28 Jan, 2018 12:00am
14 Malian soldiers killed in attack on camp

14 Malian soldiers killed in attack on camp

Fourteen soldiers were killed and 18 wounded on Saturday in an attack on their camp in Mali's restive north, the army said, while military sources told AFP jihadists were responsible. Mali's deteriorating security situation is of growing concern as Al-Qae
Published 28 Jan, 2018 12:00am
Wozniacki wins first major at Australian Open
Exchange

Wozniacki wins first major at Australian Open

Caroline Wozniacki finally lifted her first Grand Slam title at the 43rd attempt as she beat Simona Halep 7-6 (7/2), 3-6, 6-4 to win the Australian Open on Saturday. The Dane, who will take over as world number one, burst into tears as she secured the tit
Published 28 Jan, 2018 12:00am
Uzbekistan crush Vietnam's cup dreams in U23 AFC final

Uzbekistan crush Vietnam's cup dreams in U23 AFC final

Millions of red-clad Vietnam fans saw their hopes of a fairytale ending dashed Saturday as Uzbekistan snatched a last-minute victory in the final of the Under-23 Asian Cup Football championship. The normally low-profile event has been followed with the fe
Published 28 Jan, 2018 12:00am
Chinese prodigy Li leads from McIlroy in Dubai

Chinese prodigy Li leads from McIlroy in Dubai

China's Li Haotong displayed his superstar potential as he outscored Rory McIlroy by four shots in the third round to take a one-shot lead into the final day of the $3 million Dubai Desert Classic. Starting his third round on Saturday trailing leader McIl
Published 28 Jan, 2018 12:00am
Stokes tops IPL bidding war

Stokes tops IPL bidding war

England's star allrounder Ben Stokes topped the Indian Premier League auction on Saturday selling for $1.96 million despite a looming court case for assault. On a day in which the eight IPL teams spent over $50m on talent, Stokes's deal with Rajasthan Roy
Published 28 Jan, 2018 12:00am
Sanchez sparkles as United progress in FA Cup

Sanchez sparkles as United progress in FA Cup

Alexis Sanchez shone in a winning Manchester United debut on Friday after a thumping 4-0 win at the humble ground of lower-league Yeovil Town eased Jose Mourinho's team into the fifth round of the FA Cup. The Chile international was named in the starting
Published 28 Jan, 2018 12:00am
Islamabad United announces Haleeb Foods as partners

Islamabad United announces Haleeb Foods as partners

Islamabad United, the winners of the inaugural HBL-PSL has announced its partnership with Haleeb Foods for the third edition of the Pakistan Super League 2018. Islamabad United owner Ali Naqvi added, "We are delighted to partner with one of Pakistan's lea
Published 28 Jan, 2018 12:00am
Special Olympics National Games starts in Lahore

Special Olympics National Games starts in Lahore

The three-day Special Olympics National Games has been started here at the Gymnasium of hockey stadium on Saturday. The three days games have been organized by Sports Board Punjab, Special Olympics Pakistan and the Chief Minister's Special Monitoring Unit
Published 28 Jan, 2018 12:00am
India win after South Africa collapse

India win after South Africa collapse

Ishant Sharma and Jasprit Bumrah sparked a dramatic collapse as India beat South Africa by 63 runs on the fourth day of the third and final Test at the Wanderers Stadium on Saturday. Dean Elgar and Hashim Amla shared a century second-wicket partnership wh
Published 28 Jan, 2018 12:00am
Madushanka's hat-trick on debut seals title for Sri Lanka

Madushanka's hat-trick on debut seals title for Sri Lanka

Shehan Madushanka became the fourth bowler in history to claim a hat-trick on debut as Sri Lanka crushed Bangladesh by 79 runs to win the tri-nation one-day international tournament in Dhaka on Saturday. The 22-year-old pacer claimed Bangladesh's last thr
Published 28 Jan, 2018 12:00am
Uzair, Noor, Hamza, Hanif win FATA Junior Squash titles

Uzair, Noor, Hamza, Hanif win FATA Junior Squash titles

International players Uzair Shoukat, Noor Zaman, Muhammad Hamza and Muhammad Hanif clinched the titles of the various age categories of the FATA National Junior Squash Championship played here at PAF Hashim Khan Squash Complex on Saturday. Director Genera
Published 28 Jan, 2018 12:00am
US CFTC charges My Big Coin Pay over virtual currency scam
Currency

US CFTC charges My Big Coin Pay over virtual currency scam

The US derivatives watchdog on Wednesday said it has charged My Big Coin Pay Inc and two men over alleged fraud and misappropriation as part of an ongoing virtual currency scam, the latest in a string of recent actions against cryptocurrencies.
Published 28 Jan, 2018 12:00am
Mobile FX trading taking off even with banks' reticence
Exchange

Mobile FX trading taking off even with banks' reticence

Increasing numbers of traders are using their smartphones to conduct foreign exchange deals, a J.P Morgan survey showed on Monday. In the second annual edition of an online survey among 400 institutional traders - a ,majority of them focused on foreign ex
Published 28 Jan, 2018 12:00am
Speculators up short US dollar bets, trims short bitcoin
Currency

Speculators up short US dollar bets, trims short bitcoin

Speculators' net short dollar bets rose in the latest week to their largest amount since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net short dollar position, derive
Published 28 Jan, 2018 12:00am
London daily FX volume falls
Exchange

London daily FX volume falls

Foreign exchange trading out of London declined 4 percent in October 2017 to $2.23 trillion, compared with six months earlier, thanks to a drop in volumes in cash spot and swaps, a semi-annual survey by the Bank of England showed on Thursday.
Published 28 Jan, 2018 12:00am
North America FX daily volume up
Exchange

North America FX daily volume up

The average daily volume in the North American currency market rose in October 2017 from a year earlier, boosted by increases across all types of foreign exchange instruments, according to a semi-annual survey by the New York Federal Reserve's Foreign Exc
Published 28 Jan, 2018 12:00am
Dollar slips, on track for worst weekly fall since June

Dollar slips, on track for worst weekly fall since June

The dollar remained weak against a basket of currencies on Friday, bruised by comments by senior US officials this week backing a weak dollar, and was on pace for its worst weekly fall since June. The dollar index, which measures the greenback against a b
Published 28 Jan, 2018 12:00am
Bullish bets on most Asia FX soar as dollar loses its shine
Currency

Bullish bets on most Asia FX soar as dollar loses its shine

Investors have raised their long positions on most Asian currencies over the past two weeks, a Reuters poll showed, as the dollar continued to weaken on concerns a shift to hawkish stances by global central banks would cut the greenback's yield advantage.
Published 28 Jan, 2018 12:00am
Venezuela to resume local trading of hard-currency securities
Exchange

Venezuela to resume local trading of hard-currency securities

Venezuela will allow securities denominated in hard currency to trade on a local bourse, the central bank said on Thursday, allowing citizens to legally acquire foreign exchange without going through the country's 15-year-old currency controls.
Published 28 Jan, 2018 12:00am
Canadian dollar strengthens
Currency

Canadian dollar strengthens

The Canadian dollar strengthened against its US counterpart on Friday as the greenback broadly fell and domestic data showed a pick up in underlying inflation. Canada's annual inflation rate dipped as expected in December to 1.9 percent but two out of thr
Published 28 Jan, 2018 12:00am
Cost of bread doubles in Jordan as subsidies lifted

Cost of bread doubles in Jordan as subsidies lifted

Jordan on Saturday increased the price of bread by up to 100 percent after lifting subsidies on the staple in a bid to redress its debt-riddled economy. The move is expected to affect low income Jordanians, for whom flat pitta-like bread is an essential p
Published 28 Jan, 2018 12:00am
Qatar Airways' first Airbus A350-1000 to be delivered February 15-20

Qatar Airways' first Airbus A350-1000 to be delivered February 15-20

Airbus will deliver the first ever A350-1000 jet to an airline to Qatar Airways between February 15 and February 20, the carrier's chief executive said on Saturday. Delivery of Europe's largest twin-engined passenger jet to launch customer Qatar Airways h
Published 28 Jan, 2018 12:00am
California wants 5 million 'green' cars on roads by 2030

California wants 5 million 'green' cars on roads by 2030

California Governor Jerry Brown Friday signed an executive order detailing aims to have five million electric cars on the state's roads by 2030 - by accelerating the production of such vehicles using financial incentives and rebates. The $2.5 billion, eig
Published 28 Jan, 2018 12:00am
Canada hopeful NAFTA talks can continue, sees some progress

Canada hopeful NAFTA talks can continue, sees some progress

Officials trying to hammer out differences over how to update the North American Free Trade Agreement have made some progress and hope politicians decide the process should continue, Steve Verheul, Canada's chief negotiator, told Reuters on Saturday. The
Published 28 Jan, 2018 12:00am
Deutsche Bank to hike bonuses

Deutsche Bank to hike bonuses

Deutsche Bank will hike annual bonus payments to more than 1 billion euros ($1.2 billion) despite posting its third consecutive annual loss in 2017, a German newspaper reported. The move comes amid concern another year of low bonuses could prompt investme
Published 28 Jan, 2018 12:00am
China fines 12 banks over illegal bill trading, fraud

China fines 12 banks over illegal bill trading, fraud

China's banking regulator said on Saturday that it had fined 12 Chinese lenders after uncovering illegal trading of 7.9 billion yuan ($1.25 billion) of bank bills. The fraud has "severally disrupted market order", and showed the lack of internal controls
Published 28 Jan, 2018 12:00am
Industrial strikes loom as talks with German union collapse

Industrial strikes loom as talks with German union collapse

Germany's metalworkers' union said Saturday that it will intensify its campaign for better pay and conditions, threatening 24-hour "warning strikes" after talks with industry representatives fell apart. Production by the country's crucial metal and electr
Published 28 Jan, 2018 12:00am
Britain funds satellite hunt for new minerals

Britain funds satellite hunt for new minerals

The British government has handed out 850,000 pounds ($1 million) for research that uses satellites to identify deposits of minerals, including battery metal lithium, as part of efforts to bolster the economy after the exit from the European Union. The pr
Published 28 Jan, 2018 12:00am
France retains AA debt rating: Fitch

France retains AA debt rating: Fitch

France retained its "AA" credit rating despite its high and rising debt level, Fitch ratings agency said Friday. Fitch noted that persistent budget deficits mean the debt-to-GDP ratio "will continue to increase in the coming years and peak at 97 percent i
Published 28 Jan, 2018 12:00am
France retains AA debt rating: Fitch

France retains AA debt rating: Fitch

France retained its "AA" credit rating despite its high and rising debt level, Fitch ratings agency said Friday. Fitch noted that persistent budget deficits mean the debt-to-GDP ratio "will continue to increase in the coming years and peak at 97 percent i
Published 28 Jan, 2018 12:00am
Beijing to shut 1,000 manufacturing firms by 2020

Beijing to shut 1,000 manufacturing firms by 2020

Beijing will shut 1,000 manufacturing companies by 2020 under a years-long plan to restructure its economy, the official Xinhua news agency reported on Saturday, citing a city official. The closures are part of a bigger initiative to balance and integrate
Published 28 Jan, 2018 12:00am
Tencent invests in 'Mission: Impossible' studio

Tencent invests in 'Mission: Impossible' studio

Chinese internet giant Tencent said on Friday it will take a stake in the US production company behind the "Mission: Impossible" and "Terminator" series, marking China's latest incursion into Hollywood. The deal will give Tencent the opportunity to co-fin
Published 28 Jan, 2018 12:00am
Paris could overtake London as top financial centre: Le Maire

Paris could overtake London as top financial centre: Le Maire

Paris could overtake London as Europe's most important financial centre in a matter of years, French Finance Minister Bruno Le Maire said, after days of wooing American and European bankers in the Swiss Alps and gilded Palace of Versailles. In an intervie
Published 28 Jan, 2018 12:00am
Intel, healthcare shares boost lift Wall Street to record
Exchange

Intel, healthcare shares boost lift Wall Street to record

The latest round of strong earnings reports, including from Intel and AbbVie, along with continued weakness in the dollar lifted each of the major Wall Street indexes to closing records on Friday. The three main indexes notched their best four-week run si
Published 28 Jan, 2018 12:00am
Treasury yields rise on GDP data, BoJ comments

Treasury yields rise on GDP data, BoJ comments

US Treasury yields rose Friday following data showing the nation's economy grew 2.6 percent in the final quarter of 2017 and the governor of the Bank of Japan said inflation is finally close to reaching its target. Gross domestic product grew slower than
Published 28 Jan, 2018 12:00am
Treasury yields rise on GDP data, BoJ comments

Treasury yields rise on GDP data, BoJ comments

US Treasury yields rose Friday following data showing the nation's economy grew 2.6 percent in the final quarter of 2017 and the governor of the Bank of Japan said inflation is finally close to reaching its target. Gross domestic product grew slower than
Published 28 Jan, 2018 12:00am
Brazilian digital bank hires banks for IPO

Brazilian digital bank hires banks for IPO

Brazilian digital bank Intermedium SA has hired banks for an initial public offering that should take place in the second quarter of the year, one source with knowledge of the matter said on Monday. Intermedium, known as Inter, hired the investment bankin
Published 28 Jan, 2018 12:00am
Brazilian digital bank hires banks for IPO

Brazilian digital bank hires banks for IPO

Brazilian digital bank Intermedium SA has hired banks for an initial public offering that should take place in the second quarter of the year, one source with knowledge of the matter said on Monday. Intermedium, known as Inter, hired the investment bankin
Published 28 Jan, 2018 12:00am
Warsaw stocks, a top gainer in 2017, seen surging further
Exchange

Warsaw stocks, a top gainer in 2017, seen surging further

Portfolio specialist Dustin Blodgett correctly projected last year that Warsaw's stock exchange would be one of the best equity market bets in the world in 2017: he now says it should keep rising this year as well. Last year, among MSCI's country indexes,
Published 28 Jan, 2018 12:00am
Angola to issue $2 billion Eurobond
Exchange

Angola to issue $2 billion Eurobond

Angola plans to issue a Eurobond and renegotiate bilateral debt in 2018 as part of measures aimed at restructuring the economy and controlling mounting debt payments, a government macroeconomic plan seen by Reuters showed. President Jo?o Louren?o took pow
Published 28 Jan, 2018 12:00am
Angola to issue $2 billion Eurobond
Exchange

Angola to issue $2 billion Eurobond

Angola plans to issue a Eurobond and renegotiate bilateral debt in 2018 as part of measures aimed at restructuring the economy and controlling mounting debt payments, a government macroeconomic plan seen by Reuters showed. President Jo?o Louren?o took pow
Published 28 Jan, 2018 12:00am
India's recap bonds to be non-SLR, non-tradable

India's recap bonds to be non-SLR, non-tradable

India's bank recapitalisation bonds to state banks will be exempt from the amount lenders must set aside to buy sovereign bonds known as statutory liquidity ratio (SLR), banking secretary Rajeev Kumar said on Wednesday. These bonds worth 800 billion rupee
Published 28 Jan, 2018 12:00am
India's recap bonds to be non-SLR, non-tradable

India's recap bonds to be non-SLR, non-tradable

India's bank recapitalisation bonds to state banks will be exempt from the amount lenders must set aside to buy sovereign bonds known as statutory liquidity ratio (SLR), banking secretary Rajeev Kumar said on Wednesday. These bonds worth 800 billion rupee
Published 28 Jan, 2018 12:00am
TSX rises, boosted by Bombardier trade case win
Exchange

TSX rises, boosted by Bombardier trade case win

Canada's main stock index rose on Friday, led by shares in Bombardier Inc, which closed up more than 15 percent after it won an unexpected trade victory against US planemaker Boeing Co. The Toronto Stock Exchange's S&P/TSX composite index closed up 35.21
Published 28 Jan, 2018 12:00am
US-based Mojo Networks eyes IPO in two years

US-based Mojo Networks eyes IPO in two years

Wi-Fi equipment maker Mojo Networks is eyeing a stock market listing in about two years and expects annual sales to hit $100 million by then, the company's co-founder Pravin Bhagwat said. Mojo, which provides cloud-powered Wi-Fi services, counts fast-food
Published 28 Jan, 2018 12:00am
US-based Mojo Networks eyes IPO in two years

US-based Mojo Networks eyes IPO in two years

Wi-Fi equipment maker Mojo Networks is eyeing a stock market listing in about two years and expects annual sales to hit $100 million by then, the company's co-founder Pravin Bhagwat said. Mojo, which provides cloud-powered Wi-Fi services, counts fast-food
Published 28 Jan, 2018 12:00am
Rail group Italo to offer up to 40 percent of shares
Exchange

Rail group Italo to offer up to 40 percent of shares

When former Ferrari boss Luca Cordero di Montezemolo called up fellow businessman Diego della Valle in 2006 and suggested they create a company to run high-speed trains, his friend asked him what he had been drinking the night before. Twelve years on, the
Published 28 Jan, 2018 12:00am
Rail group Italo to offer up to 40 percent of shares
Exchange

Rail group Italo to offer up to 40 percent of shares

When former Ferrari boss Luca Cordero di Montezemolo called up fellow businessman Diego della Valle in 2006 and suggested they create a company to run high-speed trains, his friend asked him what he had been drinking the night before. Twelve years on, the
Published 28 Jan, 2018 12:00am
South African bonds: the 'next big EM story'
Currency

South African bonds: the 'next big EM story'

Backed by a strengthening currency, some of the highest inflation-adjusted yields in emerging markets and now the possible exit of unpopular president Jacob Zuma, South African bonds have become a top 2018 trade with investors.
Published 28 Jan, 2018 12:00am
South African bonds: the 'next big EM story'
Currency

South African bonds: the 'next big EM story'

Backed by a strengthening currency, some of the highest inflation-adjusted yields in emerging markets and now the possible exit of unpopular president Jacob Zuma, South African bonds have become a top 2018 trade with investors.
Published 28 Jan, 2018 12:00am
China's rice exports to Africa surge last year

China's rice exports to Africa surge last year

China's rice exports to Africa surged last year, customs data showed on Thursday, with the world's second-largest producer of the staple grain pushing to clear bulging state and commercial warehouses as it overhauls government support for its farming sect
Published 28 Jan, 2018 12:00am
Euronext wheat futures little changed

Euronext wheat futures little changed

Euronext wheat futures were little changed on Thursday as strength in export prices in France helped shield the market from a rally in the euro. Traders said an upturn in demand for nearby delivery, disruption to river transport due to high water levels,
Published 28 Jan, 2018 12:00am
Argentina trims soya, corn-planting estimates
Exchange

Argentina trims soya, corn-planting estimates

Argentina trimmed its soya and corn-planting estimates on Thursday as key parts of the country's Pampas grains belt contend with excessively hot, dry conditions that could cause a decline in yields and sowing area. In its monthly crop report, the Agricult
Published 28 Jan, 2018 12:00am
CBOT corn slips after climbing to seven-week high

CBOT corn slips after climbing to seven-week high

Chicago Board of Trade corn futures slumped on Thursday in a turnaround from a seven-week high reached earlier in the session, traders said. CBOT March wheat ended down 1-1/4 cents at $3.55-1/4 a bushel. Its session peak of $3.58 was the highest price for
Published 28 Jan, 2018 12:00am
Turkmenistan gas supply to China rebounds

Turkmenistan gas supply to China rebounds

China's monthly natural gas imports from leading supplier Turkmenistan rebounded in December from the previous month, arresting a three-month fall, as state energy firms geared up to cover a winter supply crunch. December imports by pipeline from Turkmeni
Published 28 Jan, 2018 12:00am
Palm oil lower on European vegoils market
Vegetable Oil

Palm oil lower on European vegoils market

Palm oil on the European vegetable oils market edged lower on Thursday, tracking lower Malaysian palm oil futures that were hit by a stronger ringgit. A firmer ringgit makes palm oil more expensive for foreign buyers and could further reduce already weak
Published 28 Jan, 2018 12:00am
Chinese steel futures rise on weaker dollar
Exchange

Chinese steel futures rise on weaker dollar

Chinese steel futures rose on Thursday, lifted by a weaker dollar and gains in coking coal and coke futures. The most active rebar contract on the Shanghai Futures Exchange rose 1.1 percent at 3,966 yuan a tonne by the close. The dollar was holding near t
Published 28 Jan, 2018 12:00am
Brazil's share of soyabean exports to China hits record

Brazil's share of soyabean exports to China hits record

Brazil's share of soyabean exports to China, the world's top buyer of the commodity, grew to the largest on record in 2017 and looks set to expand again this year, helped by competitive prices and the high protein content of its crops. That's another pote
Published 28 Jan, 2018 12:00am
China National Gold sees record production in 2017

China National Gold sees record production in 2017

China National Gold Group produced a record 42.42 tonnes of gold in 2017, state-run news agency Xinhua reports from the company's annual meeting. China's biggest gold producer reported a full year profit for 2017 of 766 million yuan ($120 million), its be
Published 28 Jan, 2018 12:00am
Cotton market: subdued business on lack of buying interest
Cotton

Cotton market: subdued business on lack of buying interest

Spinners and mills were on the sidelines due to lack of buying interest on the cotton market on Saturday in process of trading, dealers said. The official spot rate was unchanged at Rs 7,500, they added. In ready session, over 3000 bales of cotton changed
Published 28 Jan, 2018 12:00am
Indian rice prices jump to 6-1/2 years high

Indian rice prices jump to 6-1/2 years high

Rice prices in top exporter India jumped to their highest in about 6-1/2 years on strong demand from Asia and Africa, exporters said, while rates for the staple hit multi-month highs in Thailand and Vietnam following recent purchases by Indonesia.
Published 28 Jan, 2018 12:00am
Small sugar producers find inroads into China in 2017

Small sugar producers find inroads into China in 2017

Smaller sugar producers in South America and Southeast Asia made inroads into China in 2017, data showed on Thursday, taking advantage of hefty duties on Brazilian and Thai imports to win sales in one of the world's biggest buyers of the sweetener.
Published 28 Jan, 2018 12:00am
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